These are NOT Gold or Silver Certificates. They are ordinary Federal Reserve Notes.
Most of the images of full bills (not close-ups) that you see on this page are shrunk to fit your screen. If you want to see them in full-detail, right-click on the image and choose View or Save , so you will be better able to read what they actually say.
- If this note is "redeemable" in lawful money, then clearly the note itself is NOT lawful money.
- If the note indicates that the bank will "pay to the bearer on demand" five dollars, then clearly the note itself is NOT five dollars.
- Both the old United States Notes (issued directly by the government) and the privately-issued Federal Reserve Notes originally contained guarantees of repayment in lawful money.
- This is as it should be, because the U.S. Constitution plainly holds:
Article 1, Section. 10
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
“Federal Reserve Notes are not dollars.”
Russell L. Munk, Assistant General Counsel, Department of the Treasury, February 18, 1977.
“The term 'dollars' likewise is incorrect, which, according to constitutional definition, are monetary units, used in exchange, backed by gold and silver. Our present day fiat issues are supported by more printed paper of the same; therefore, they are correctly termed Federal Reserve Notes (FRN), not dollars."
Robert P. Vichas, Handbook of Financial Mathematics, Formulas, and Tables (1979), p. 420.
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"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
Federal Reserve Notes are not dollars and they are not lawful money. They are "bills" that the bank has to pay. What they owe us is Lawful Money -- not foreclosure notices.
"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson."
President Franlin D. Roosevelt
November 21st, 1933
US Supreme Court Justice Stephen Field wrote as part of his dissenting opinion in this case:
From the decision of the court I see only evil likely to follow. There have been times within the memory of all of us when the legal-tender notes of the United States were not exchangeable for more than one-half of their nominal value. The possibility of such depreciation will always attend paper money. This inborn infirmity no mere legislative declaration can cure. If congress has the power to make the notes a legal tender and to pass as money or its equivalent, why should not a sufficient amount be issued to pay the bonds of the United States as they nature? Why pay interest on the millions of dollars of bonds now due when congress can in one day make the money to pay the principal? And why should there be any restraint upon unlimited appropriations by the government for all imaginary schemes of public improvement, if the printing-press can furnish the money that is needed for them?
Possessing a "dollar bill" allows you to bill the bank for a lawful dollar. But they aren't paying -- and they haven't paid since 1934. This is theft which is a crime. This particular crime rises to the level of high treason, because our country has literally been stolen from right under our feet. Those in power who have knowingly supported this ongoing fraud should be held accountable.
This exhibit was based in large part on the research of Irwin Schiff, who has been incarcerated in a federal penitentiary in order to shut him up.
Update: On October 16, 2015, Irwin Schiff passed away from cancer, while shackled to his bed, in the infirmary of the prison where he had been incarcerated for almost ten years. He was 87 years old. For more information, see this eulogy written by his son Peter Schiff.
High-level thievery by the megabanks is presently a major issue in Europe as well: